Reuters UK has reported that the private owners of Novomatic Group are exploring a corporate initial public offering that could value the gambling machine manufacturer and industry systems provider at €6 billion (£5.3 billion). The Vienna-based private company is reported to have hired Australian investment bank Macquarie Group as corporate advisor, with stakeholders eyeing a floatation on London or Frankfurt …
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The £116 million acquisition of Talarius arcades by Novomatic Group (Novomatic) faces an ‘in-depth investigation over competition concerns’ by the UK Competition & Markets Authority (CMA). Publishing an industry update, CMA officials detailed that following Novomatic’s acquisition of Talarius, the company would operate 264 UK adult gaming centres, which may harm sector competition conditions. Stating its concerns, the authority detailed …
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Updating the market, ASX-listed Australian gambling operator Tatts Group Limited (Tatts) has announced that it has entered ‘exclusive talks’ to acquire Intralot’s Australian and New Zealand business division. Tatts have confirmed to Australian business news sources that stakeholder negotiations have ‘advanced to a confirmatory due diligence stage’. However, the company would further state that no final proposal had been made. …
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Australian gambling operator Tatts Group (Tatts), has confirmed the sale of its UK slots division Talarius to Novomatic Group for AUS $210 million (£116 million). Updating the market, Tatts governance informed that proceeds from the sale would be used to pay down its corporate debt, as the company targets year-end profits of AUS $255 – 265 million, performing slightly under …
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Playtech has confirmed that it has entered a retail provisions and software agreement with UK high street gaming hall operator Talarius. Talarius operator of high street gaming halls Quicksilver and Adult Gaming Centres’ will migrate its existing retail platform to Playtechs retail enterprise management system. Playtech will be charged with integrating its system across 92 retail outlets operated by Talarius. …
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Talarius, the UK’s largest operator of Adult Gaming Centres (AGCs), announced that it will be rejoining BACTA, citing the UK trade body for the amusements and leisure sector’s recent change in leadership. The company stepped down from BACTA in April last year, however, with the recent appointment of John White as BACTA’s new Chief Executive, Talarius will once again become …
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